GDP Can Be Represented by the Equation: GDP = L

Multiple Choice

GDP can be represented by the equation: GDP = L x [E/L] x [GDP/E]. In this equation, the term [E/L] represents

A) the ratio of the population unemployed.
B) the level of employment at a given period of time.
C) the labour force.
D) the productivity of labour.
E) one minus the unemployment rate.